Understanding Management (MindTap Course List)
Understanding Management (MindTap Course List)
10th Edition
ISBN: 9781305502215
Author: Richard L. Daft, Dorothy Marcic
Publisher: Cengage Learning
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Chapter 8, Problem 10DQ
Summary Introduction

To determine:

The pros and cons for a business of moving into open innovation.

Introduction:

This is a term that was used to promote an information age mindset to innovation that runs over the traditional labs.

There are many models of open innovation which includes;

-government driven

-product platforming

-idea competitions and etc.

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